Should I choose CT's unmatched 457 retirement plan or use a Roth IRa?
Answers: It depends on a lot of variables, such as;
What is your current tax bracket?
What will your expected tax bracket be in retirement?
How close to retirement are you?
Have you accumulated enough (or are you on track) to retire at your desired lifestyle?
What is your desired lifestyle at retirement (does it involve expensive travel, etc.)?
How many deductions do you currently have as opposed to how many you'll likely have during retirement?
The trick is in trying to determine which will be more valuable to you - the tax deduction today or the tax-free income in retirement.
Best of Luck.
My SSS card is missing. How do I apply for a new one and how long does it take to process my application?
Answers: Try to go to your closest office.
Make sure you let them no it's missing.
Depends on your state in mine they can give you one while your there.
From the social security administration website:
"You can replace your card for free if it is lost or stolen.
To replace a lost Social Security card:
* Complete an Application For A Social Security Card (Form SS-5); and
* Show us documents proving your identity.
* Show us documents proving your U.S. citizenship if our records do not already contain that information.
* Show us documents proving your current, lawful, work-authorized status if you are not a U.S. citizen.
In most cases, you can mail or take your application and original documents to your local Social Security office. If you live in the New York City metropolitan area, Las Vegas or Phoenix you may need to apply in person at your local Social Security Card Center.
All documents must be either originals or copies certified by the issuing agency. We cannot accept photocopies of notarized copies of documents.
For more information about getting a replacement card and the documents you will need to show us, see Documents You Need for a Social Security Card.
You are limited to three replacement cards in a year and 10 during your lifetime. Legal name changes and other exceptions do not count toward these limits. For example, changes in noncitizen status that require card updates may not count toward these limits. Also, you may not be affected by these limits if you can prove you need the card to prevent a significant hardship.
In most cases, the only time you will need to produce your card is when you apply for employment. Therefore, if you anticipate starting new employment, you should request a replacement card in advance.
Keep your Social Security card in a safe place with your other important papers. Do not carry it with you. "
Usually government documents take between 8-10 weeks to be processed.
WTF is going on to my 401 K??
I have almost $25,000 in my 401K, but my be a foil for dropped by over a thousand last month. What should I do? Should I stop putting money surrounded by my 401 K until when the 'recession' is over?Answers: You should stop obsessing over your 401K.
This is a LONG TERM investment, and if you cannot stomach short-term corrections surrounded by the stock market, you shouldnt be investing your money. EVERYONE took a hit, not only you.
If your 401K is matched by your company, you should keep maxing the game out every year, as that is free money, and yes, this is an opportunity to BUY not deal in...
Depends. You should be looking to balance your 401-k every year. How is the subject of a longer essay. Your mix of investments will renovation as your age does and as you approach retirement.
Generally, over the long haul, twenty years, you will engineer out far better with regular, uninterrupted contributions than by trying to time the souk.
NO NO NO! Now is the best time to be putting money in because you buy more stock next to the same dollars.
A 401 is a long occupancy investment. Don't worry something like the market cycles, ups and downs, simply ride with them and hang on to putting money in. The stock souk averages 12% return over any 10 year period. But those ups come up on relatively few days during the cycle. If you are 'out' during a few of those days you can cut your return in partly.
Never stop contributing to your 401 K. If you can change the track that money is invested you might want to change that to something more stable.
Eventually the stock invested by 401's will start going vertebrae up.
I'd keep contributing. The more you can buy while prices are down, the better you'll be once they bounce subsidise.
BTW, we're technically not in a recession. A recession is 6 straight months of a decline surrounded by the GDP. We've yet to see any decline, although the growth have slowed in recent months.